New-car market shrinks for third straight month in June

New-car market in China ๐Ÿš— continues to decline for the third consecutive month with an 8% drop in retail sales in June, according to the China Automobile Dealers Association. #automotive #ChinaEconomy ๐Ÿ“‰

Retail sales of new sedans, crossovers, SUVs and multipurpose vehicles in June dropped 8 percent to below 1.76 million, the China Automobile Dealers Associationย said, drawing on a preliminary tally.

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